A partnership of 13th Floor Investments, Gadinsky Real Estate and Echion USA acquired the 45k SF Riviera Plaza at 1542 South Dixie Hwy for $16.5M. With its proximity to Coral Gables consumers, and traffic from the University of Miami, both its current value and long-term growth potential make it a good investment, 13th Floor managing principal Arnaud Karsenti says. Existing tenants include Subway, Gables Pizza, Misha’s Cupcakes and the Riviera Plaza Theatre of the Performing Arts.
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